Archive | Iraq Banking & Finance News

Iraq Business News brings you the latest Iraq banking & finance news, with information on developments and opportunities.

The Pension System in Iraq: Reform Strategies and Social Justice

By Dr Haidar Naama Bakhit, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Pension System and Fund in Iraq: Assessing the Reality and Reform Strategies between Financial Sustainability and Social Justice Iraq's pension system, managed […]

EUR 40m Credit Guarantee Fund to Boost SMEs in Iraq

By John Lee. The International Labour Organization (ILO) has launched the Credit Guarantee Fund to empower small and medium enterprises (SMEs) in Iraq. The scheme is a partnership with the Ministry of Labour and Social Affairs (MoLSA), with funding from the German Ministry for Economic Cooperation and Development (BMZ) through the German Development Bank (Kreditanstalt […]

Iraq Approves Sovereign Guarantees for Manufacturing Plants

By John Lee. The Iraqi Cabinet has approved a recommendation from the Sovereign Guarantees Initiative Committee to issue sovereign guarantees for the establishment of a plant to produce caustic soda in support of a liquid chlorine and caustic soda production facility, as well as a separate project to produce black urea. These projects are part […]

KPMG to Advise on Reform of Iraqi Banking

By John Lee. Prime Minister Mohammed Shia' Al-Sudani has received representatives from KPMG, the global auditing and financial advisory firm, to review ongoing cooperation with Iraq's banking sector as part of the government's efforts to enhance transparency and improve the country's financial reputation. The Prime Minister affirmed that Iraq's banking reform programme has become a […]

Soft Loans for Women's Small- and Medium-Sized Enterprises

By John Lee. Prime Minister Mohammed Shia' Al-Sudani has reaffirmed his government's commitment to supporting women's rights and empowerment, directing the launch of new financial and training initiatives for women across Iraq. Chairing a meeting of the Supreme Council for Women's Affairs, the Prime Minister announced the launch of the Basmat (Fingerprint) Initiative, which will […]

Industrial Bank to finance Projects presented at Investment Forum

By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday chaired a meeting dedicated to approving recommendations to activate financing procedures for projects under Iraq's Industrial Initiative. The meeting was attended by the Minister of Finance, the Governor of the Central Bank of Iraq (CBI), several advisers, and members of relevant committees. The discussions reviewed […]

The Insurance Gap and Special Economic Projects in Iraq

By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]

Central Bank of Iraq Launches Digital Payment Campaign

By John Lee. The Central Bank of Iraq (CBI)'s Basra branch has launched the campaign "Your Transport is Easier ... with Easier Payment" in cooperation with electronic payment companies operating in the province. The initiative is part of the National Financial Inclusion Strategy 2025-2029. The campaign aims to deploy point-of-sale (POS) devices in public transport […]

Top 10 Dinar Articles from September

The following were the ten most read dinar-related articles on Iraq Business News for the month of September: The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed What the Future Holds for Dinar Investors Iraqi Dinar Prospects: Reality Check After Six Months of Trump Donald Trump and the "Great Iraqi Dinar Revaluation" Iraq "Capable […]

CBI Governor reports Progress on Banking Reform

By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has underlined the pivotal role of the banking sector in supporting investment in Iraq. Speaking at a panel session during the Iraq Investment Forum, he said the CBI has achieved its objectives on banking reform and has begun implementing them according to set […]